Processed & Frozen Vegetables - Iraq

Iraq

Highlights

Revenue in the Processed & Frozen Vegetables market amounts to US$588.10m in 2024. The market is expected to grow annually by 4.12% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$58bn in 2024).
In relation to total population figures, per person revenues of US$12.64 are generated in 2024.
In the Processed & Frozen Vegetables market, volume is expected to amount to 361.80m kg by 2029. The Processed & Frozen Vegetables market is expected to show a volume growth of 4.4% in 2025.0.
The average volume per person in the Processed & Frozen Vegetables market is expected to amount to 6.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Processed & Frozen Vegetables Market in Iraq has seen minimal growth, with factors such as limited access to technology and low health awareness among consumers impacting the growth rate. Convenience and health benefits could boost the market in the future.

Customer preferences: Consumers are becoming more health-conscious and are seeking convenience in their food choices, leading to a rise in demand for processed and frozen vegetables. This trend is further fueled by the growing number of working professionals and busy lifestyles, as well as the increasing awareness of the benefits of incorporating vegetables into a balanced diet. Additionally, the popularity of international cuisines and the desire for easy meal preparation are also contributing to the growth of the processed and frozen vegetables market.

Trends in the market: In the Processed & Frozen Vegetables Market of the Vegetables Market within The Food market, there is a growing trend of consumers opting for healthier and more convenient options. This has led to an increase in demand for frozen vegetables, as they are perceived as a healthier alternative to canned vegetables. Additionally, there is a rise in demand for organic and non-GMO frozen vegetables, as consumers are becoming more health-conscious. These trends are expected to continue, with the potential for new product innovations and increased competition among industry players.

Local special circumstances: In Iraq, the Processed & Frozen Vegetables Market is heavily influenced by the country's geographical location in the Middle East, as well as its cultural preferences for certain types of vegetables. For example, eggplant and okra are popular options in Iraqi cuisine, leading to a higher demand for frozen and processed versions of these vegetables. Additionally, the country's strict import regulations have created a unique market for locally grown vegetables, further shaping the dynamics of the Processed & Frozen Vegetables Market.

Underlying macroeconomic factors: The Processed & Frozen Vegetables Market of the Vegetables Market within The Food market is heavily impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. For example, countries with strong economic growth and stable fiscal policies tend to experience higher demand for processed & frozen vegetables due to increasing consumer purchasing power. In contrast, regions with economic challenges and unstable fiscal policies may see a decline in market demand. Additionally, trade agreements and tariffs also play a significant role in shaping the market, as they impact the cost of importing and exporting processed & frozen vegetables. Other factors such as changing consumer preferences and the availability of raw materials can also influence market performance.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.